iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) Short Interest Down 85.9% in June

iShares Lithium Miners and Producers ETF (NASDAQ:ILIT) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 4,349 shares, a decrease of 85.9% from the June 15th total of 30,760 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 27,805 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On iShares Lithium Miners and Producers ETF

Institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC bought a new stake in iShares Lithium Miners and Producers ETF during the fourth quarter valued at approximately $77,000. Smartleaf Asset Management LLC bought a new stake in shares of iShares Lithium Miners and Producers ETF during the 4th quarter worth $29,000. Finally, Farther Finance Advisors LLC grew its position in iShares Lithium Miners and Producers ETF by 252.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,815 shares of the company’s stock worth $28,000 after acquiring an additional 1,300 shares in the last quarter.

iShares Lithium Miners and Producers ETF Price Performance

Shares of iShares Lithium Miners and Producers ETF stock traded down $0.62 during trading hours on Monday, hitting $14.72. 17,907 shares of the company’s stock traded hands, compared to its average volume of 39,673. iShares Lithium Miners and Producers ETF has a 12-month low of $8.50 and a 12-month high of $23.80. The stock has a market capitalization of $15.46 million, a price-to-earnings ratio of 1.98 and a beta of 1.39. The company has a fifty day simple moving average of $19.16 and a 200-day simple moving average of $18.21.

iShares Lithium Miners and Producers ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $0.0227 dividend. The ex-dividend date was Monday, June 15th.

About iShares Lithium Miners and Producers ETF

The iShares Lithium Miners and Producers ETF (ILIT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is passively managed, providing exposure to the lithium industry by investing in stocks of lithium miners and compound manufacturers from all around the world. ILIT was launched on Jun 21, 2023 and is managed by BlackRock.